November 24, 2016 - By Hazel Jackson
It was disclosed in a legally required document that has been filled with the U.S. SEC that Merion Investment Management Lp, which is an insider in Starz, did an insider deal on 23/11/2016. Merion Investment Management Lp obtained 386,587 shares of the company at an average $33.9 U.S. Dollars for every share. According to the electronic report available online, the aggregate amount of the deal was $13.12 million U.S. Dollars. This outstanding purchase will probably draw attention, as Merion Investment Management Lp now holds 10%+ of the market cap of Starz. That’s 9.14 million shares.
Out of 11 analysts covering Starz (NASDAQ:STRZA), 5 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 45% are positive. $40 is the highest target while $34.0 is the lowest. The $36.25 average target is 6.96% above today’s ($33.89) stock price. Starz has been the topic of 15 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Credit Agricole given on Thursday, July 30. On Thursday, September 17 the stock rating was downgraded by Macquarie Research to “Neutral”. The stock has “Hold” rating given by Pivotal Research on Friday, October 30. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, August 3. As per Monday, March 14, the company rating was initiated by Gabelli. The firm has “Buy” rating given on Friday, April 29 by Pivotal Research. The rating was maintained by FBR Capital with “Outperform” on Friday, October 30. The firm has “Sector Perform” rating by FBN Securities given on Thursday, August 6. The company was maintained on Thursday, July 30 by Pivotal Research. The stock of Starz (NASDAQ:STRZA) earned “Hold” rating by Brean Capital on Tuesday, September 6.
Insitutional Activity: The institutional sentiment decreased to 0.63 in 2016 Q2. Its down 0.51, from 1.14 in 2016Q1. The ratio fall, as 39 funds sold all Starz shares owned while 79 reduced positions. 55 funds bought stakes while 79 increased positions. They now own 70.24 million shares or 1.63% less from 71.40 million shares in 2016Q1.
Yorktown Mngmt And Rech last reported 8,000 shares in the company. Paloma Prtn Mgmt Company owns 34,430 shares or 0.01% of their US portfolio. Us Natl Bank De holds 0% of its portfolio in Starz (NASDAQ:STRZA) for 3,102 shares. First Republic Investment Management, a California-based fund reported 10,655 shares. Pinebridge Ltd Partnership has 420 shares for 0% of their US portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt reported 77,900 shares or 0.03% of all its holdings. Prudential Fin reported 22,656 shares or 0% of all its holdings. Neuberger Berman Group Incorporated Ltd Company holds 0.02% or 492,262 shares in its portfolio. Suntrust Banks holds 28,313 shares or 0.01% of its portfolio. Ancora Advsrs Ltd Liability has 0.09% invested in the company for 26,908 shares. Fmr Ltd last reported 12.29 million shares in the company. Sei Investments, a Pennsylvania-based fund reported 63,206 shares. Utd Automobile Association has 100,000 shares for 0.01% of their US portfolio. Envestnet Asset holds 0% or 18,705 shares in its portfolio. Parametrica Mgmt Limited last reported 29,979 shares in the company.
Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 2 sales for $87,133 net activity. Another trade for 1,000 shares valued at $31,327 was made by Lyne Susan M on Monday, August 22. The insider Sanchez Daniel E. sold 1,775 shares worth $55,806.
The stock decreased 0.38% or $0.13 on November 23, hitting $33.89. About 3.65M shares traded hands or 237.96% up from the average. Starz (NASDAQ:STRZA) has risen 28.27% since April 22, 2016 and is uptrending. It has outperformed by 22.86% the S&P500.
Starz is an integrated media and entertainment company. The company has a market cap of $3.33 billion. The Firm provides subscription video programming in the United States to cable operators, satellite television providers, telecommunications companies and online video providers. It has a 18.75 P/E ratio. The Company’s divisions include Starz Networks and Starz Distribution.
According to Zacks Investment Research, “Starz – Liberty Capital is a global media and entertainment company. Its operating units consist of Starz Channels, Starz Distribution and Starz Animation. Starz Channels is a provider of premium subscription video programming through the flagship STARZ(R) and ENCORE(R) pay TV networks. Starz Distribution develops, produces and acquires entertainment content, distributing it to consumers globally on DVD, digital formats and traditional television. Starz Animation produces animated TV and movie content for studios, networks, distributors and audiences worldwide. Starz – Liberty Capital, formerly known as Liberty Media Corporation, is based in Englewood, United States.”
Analysts await Starz (NASDAQ:STRZA) to report earnings on February, 23. They expect $0.59 EPS, up 126.92% or $0.33 from last year’s $0.26 per share. STRZA’s profit will be $57.97M for 14.36 P/E if the $0.59 EPS becomes a reality. After $0.34 actual EPS reported by Starz for the previous quarter, Wall Street now forecasts 73.53% EPS growth.
Another recent and important Starz (NASDAQ:STRZA) news was published by Multichannel.com which published an article titled: “Starz Play Arabia Nets More Funding” on November 14, 2016.
Starz, incorporated on May 7, 2007, is an integrated media and entertainment company. The Firm provides subscription video programming in the United States to cable operators, satellite television providers, telecommunications companies and online video providers. The Company’s divisions include Starz Networks and Starz Distribution. It also develops, produces and acquires entertainment content and distributes this content to clients in the United States and throughout the world. The Company’s business are conducted by its subsidiaries Starz, LLC, Starz Entertainment, LLC (Starz Entertainment), Starz Media Group, LLC (Starz Media) and certain other subsidiaries.
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